CACI Awarded $34 M to Continue Implementing Financial Management Solution for Defense Agencies Initiative

CACI International Inc (NYSE MKT: CACI) announced today that it has been awarded a $34 million prime contract to continue implementing a federal financial management and accounting solution as part of the Defense Agencies Initiative (DAI). This three-year contract represents ongoing business in CACI’s Business Systems market area.

DAI is a critical Department of Defense (DoD) effort to transform the budget, finance, and accounting operations of most DoD defense agencies. Under this contract, CACI will implement an Oracle® enterprise resource planning solution to standardize federal financial management and accounting systems and ensure compliance with federal and DoD financial management regulations and policies. This solution will consolidate multiple legacy systems into a single platform, and will be used by numerous agencies across DoD.

CACI Chief Operating Officer and President of U.S. Operations John Mengucci said, “CACI’s streamlining of financial management systems for defense agencies will enhance the quality of financial decision-making, support auditability, and reduce costs associated with maintaining legacy systems.”

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According to Ken Asbury, CACI’s President and Chief Executive Officer, “CACI has a long-standing partnership with the Department of Defense in implementing financial systems that meet the complex needs of the federal environment. With deep domain knowledge and innovative techniques, we are helping agencies across DoD support more effective and efficient business systems.”

Source: CACI International Inc
Date: May 19, 2016